Earnings/Financial Reports
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's direct-to-consumer sales increased significantly in the second quarter, resulting in a 1% year-over-year revenue gain, as the bike and moto protection brand plans to enter a new market category.
SAN MATEO, Calif. (BRAIN) — Founder and CEO Nicholas Woodman said GoPro is in the "later stages of the process" to sell or merge the financially struggling company. Woodman spoke Monday during the company's second-quarter earnings call, when GoPro announced revenue declined 31% year-over-year.
NEW YORK (BRAIN) — Sales in Fox Factory's Speciality Sports Group, which includes its bicycle business, were down 9.4% in the company's second quarter, compared to the same period last year.
OLATHE, Kan. (BRAIN) — Garmin's Fitness segment once again helped the company post an 11% year-over-year consolidated revenue increase in the second quarter.
TOKYO (BRAIN) — Shimano says soaring raw material costs due the Middle East war may force it to slightly raise prices on bicycle components next month.
SAN MATEO, Calif. (BRAIN) — The Nasdaq Stock Market notified GoPro again on Tuesday its Class A common stock has been below the minimum bid price of $1 for 30 consecutive days, which is in violation of listing rules. It's the latest sign of a struggling action camera brand that's exploring selling or merging.
STOCKHOLM (BRAIN) — Despite what it called a “challenging” North America market and decreased Sport & Cargo Carrier demand, Thule Group's net sales increased slightly year-over-year in the second quarter.
STOCKHOLM (BRAIN) — MIPS net sales increased 72% year-over-year in the second quarter with the Sports category — which includes bike and snow helmet sub-categories — growing by 51%.
TAICHUNG, Taiwan (BRAIN) — Giant Group’s operating revenue in June was nearly 16% higher than in the same month last year, according to a statement the company filed with the Taipei stock exchange on Thursday.
SAN MATEO, Calif. (BRAIN) — GoPro founder and CEO Nicholas Woodman will provide $20 million in financing through the purchase of common stock as the company considers either selling or merging to maximize value for stockholders.
The financing is subject to certain closing conditions.
TAIPEI, Taiwan (BRAIN) — Giant Manufacturing, Merida Industries and Ideal Bike, the three largest publicly traded bike manufacturers in Taiwan, are each reporting their first monthly sales growth figures of the year, a sign of hope for a troubled sector.
PITTSBURGH (BRAIN) — Helped by its acquisition of Foot Locker last year, Dick's Sporting Goods' net sales increased 63% year-over-year in the first quarter.
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's first-quarter revenue increased 27% year-over-year with growth in all major product categories led by helmet sales.
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